Reference no: EM133087151

Your Task - Write answers (Knowledge Application)

Assessor can decide whether to have this as written or oral questioning. If the assessor uses verbal questioning method, the assessor must write student responses using dot points as a minimum on the student's key responses relevant to the question (Not recommended as it is a time-consuming method as one candidate will respond while other candidates are watching and waiting, but assessor is free to decide).

The following is a set of knowledge-based questions. Read the text section 'introduction' in the learner workbook, refer to training undertaken and provide your answer solutions to the following questions using your own words to demonstrate your consistent knowledge application.

Note: If handwritten answers are allowed by the assessor considering reasonable adjustments or any special consideration, you need to use the enter key of the keyboard to expand the answer space. For example, 2 - 3 questions in a page to allow sufficient space, print a hard copy and write answers.

Questions (Ensure you answer all the following questions using the length guidelines above)

1. Define the term 'organisational strategy' using your own words.

2. Outline legislation, regulations and codes of practice relevant to organisation's strategic plan.

3. Describe organisation's strategic direction, vision and mission.

4. Identify and briefly describe methods for conducting capability assessment.

5. Explain with examples the organisation's strengths, weaknesses, opportunities and threats.

6. Explain what and how to identify strengths and weaknesses of existing and potential competitors.

7. Outline key features of cooperative ventures.

8. Identify methods for conducting cost benefit analysis.

9. Outline key features of due diligence processes.

10. Describe risks and risk management strategies relevant to strategic planning, including other risks.

11. Describe intellectual property rights and responsibilities and risk management strategies of intellectual property rights and responsibilities.

12. Describe strategic planning methodologies, including political, economic, social and technological (PEST) analysis.

13. Explain how to use strengths, weaknesses, opportunities and threats analysis (SWOT) in strategic planning.

14. Identify and list internal and external sources of information relevant to the organisation's market, competitors, customer base, vision, values and capabilities.

15. Outline techniques for developing organisational values.